As I shared in yesterday's commentary, at the scariest moments rational investors will step in and say "enough is enough already". It seems that moment arrived on Monday with a vengeance. Paving the way for the rebound was the announcement of the $1 trillion European bailout fund. With a 404 point gain in the Dow we are now a stone's throw away from the 50 day moving average at 10,835. Interestingly that is exactly the intra-day high for Monday. So we may struggle with that resistance level for a little while. Soon enough we should be able to move above and retest the recent highs of 11,300.
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Executive VP, Zacks Investment Research
Today's Top Stories: Tuesday- May 11, 2010
ZACKS RANK BUY STOCKS
- Aggressive Growth - Teradyne Inc. (TER) announced first quarter results that showed a 23% improvement in revenues sequentially and a 177% increase year-over-year. Net income came in over $61 million, up from a loss one year ago. Read More...
Growth & Income - Gardner Denver (GDI) reported Q1 revenue of $422.2 million, down 8.7% from the year-ago quarter. The company earned $0.62 per share, topping the Zacks Consensus by 10 cents, or 19.2%. Read More...
Momentum - Baidu, Inc. (BIDU) first-quarter revenue was up 60% from last year to $190 million. Earnings also came in strong at $2.02, 33% ahead of the Zacks Consensus Estimate. The company now boasts an average earnings surprise of 17% over the last four quarters. Read More...
Value - Cabela's Inc. (CAB) reported record first quarter results and easily beat the Zacks Consensus Estimate by 190%. Earnings per share were 29 cents compared with the consensus of 19 cents. Read More...
Learn how to profit from our exclusive Zacks Rank stock-ranking system with free resources. Read More...
An Oil Shale Boom Begins in China...
As I'm sure you know, investors have a made a killing in oil sands and oil shale discoveries here in North America -- as much as 5,000% or more.
But as our resident geologist, Matt Badiali, explains: "This new opportunity could top them all. The potential gains are simply staggering."
You can see Matt's full report here.
ZACKS MUTUAL FUND RANK
- Top 5 Aggressive Growth Funds
Get aggressive with Wasatch Ultra Growth (WAMCX), Alger Spectra A (SPECX), Neuberger Berman Mid Cap Growth (NMANX), Waddell & Reed New Concepts A (UNECX) and Quaker Strategic Growth A (QUAGX). Read More...
See all the great mutual fund resources.
BEST OF ZACKS EQUITY RESEARCH
BEST OF ZACKS.COM PARTNER COMMENTARY
Paying Dividends to Investors Read More...
VIP "rjm77me" is taking advantage of the market return with BUY calls in (NVDA) and (YGE). Read More...
NEW ZACKS VIDEOS:
EARNINGS TRENDS: Focus on What's Important: Earnings!
While the media is focused on Greece and computer glitches, it is easy to overlook the fact that earnings are extremely strong and doing much better than expected. Read More...
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